Biglaw firms are well-known for appreciating their associates with tangible tokens during the holiday season in the form of bonuses. As highlighted on our annual compensation scorecard, 26 Am Law 100 firms, along with some prestigious boutique firms, have already announced their raise and bonus plans.
Almost all top 10 Biglaw firms, as determined by gross revenue, have hiked associate wages and announced year-end bonuses, with few exceptions. The latest addition to this commendable list is Morgan Lewis, ranked 8th in the most recent Am Law 100, with a gross revenue of $2,745,251,000 in 2022.
The firm announced its raise and bonus updates via voicemail last Friday. Taking guidance from the Cravath scale for compensation increases, the salaries of Morgan Lewis associates in 2024 will have the following attributes:
- Class of 2023 – $225,000
- Class of 2022 – $235,000
- Class of 2021 – $260,000
- Class of 2020 – $310,000
- Class of 2019 – $365,000
- Class of 2018 – $390,000
- Class of 2017 – $420,000
- Class of 2016 – $435,000
Morgan Lewis is also adhering to the Cravath bonus scale, with the year-end bonuses at the firm appearing as follows:
- Class of 2023 – $15,000
- Class of 2022 – $20,000
- Class of 2021 – $30,000
- Class of 2020 – $57,500
- Class of 2019 – $75,000
- Class of 2018 – $90,000
- Class of 2017 – $105,000
- Class of 2016 – $115,000
Best wishes to all associates at Morgan Lewis! It is crucial to remember that we rely on your efforts to keep us updated on compensation changes. Please drop us a message (646-820-8477) or email us when your firm announces or matches a raise or bonus. It would be appreciated if you can include the bonus/match memo, a photograph of which can be sent through text or email in lieu of the original PDF or Word file.
If you wish to join the Above the Law’s Bonus Alerts, which also includes salary announcement alerts, scroll down and provide your email address below this article.
Staci Zaretsky, the article’s author, is a senior editor at Above the Law, where she has served since 2011. She welcomes reader insights, queries, comments, and suggestions. You can follow her on Twitter and Threads, or connect with her on LinkedIn.
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